Narrow search
Showing 1 - 10 of 246
Cover Image
Fairness : a critique to the utilitarian approach
Kircher, Philipp; Sandroni, Alvaro; Ludwig, Sandra - 2009
We address a basic diffculty with incorporating fairness into standard utilitarian choice theories. Standard utilitarian theories evaluate lotteries according to the (weighted) utility over ?nal outcomes and assume in particular that a lottery is never preferred over getting the most preferred...
Persistent link: https://www.econbiz.de/10003909311
Cover Image
Random assignment under ordinal preferences : a separation characterisation
Zhan, Ping - In: Asian journal of management science and applications : AJMSA 3 (2017/2018) 1, pp. 50-60
Persistent link: https://www.econbiz.de/10011742770
Cover Image
Uniform, equal division, and other envy-free rules between the two
Sakai, Toyotaka; Wakayama, Takuma - 2008
This paper studies the problem of fairly allocating an amount of a divisible resource when preferences are single-peaked. We characterize the class of envy-free and peak-only rules and show that the class forms a complete lattice with respect to a dominance relation. We also pin down the...
Persistent link: https://www.econbiz.de/10003819958
Cover Image
In the eye of the beholder : subjective inequality measures and the demand for redistribution
Kuhn, Andreas - 2009
This paper presents a simple conceptual framework intended for describing individuals' subjective evaluations of occupational wage inequality and their demand for redistribution. Most importantly, the framework explicitly allows for the distinction between individuals' perceptions and their...
Persistent link: https://www.econbiz.de/10003893801
Cover Image
Welfare creation and destruction in a Schumpeterian world
Schubert, Christian - 2009
Economic change, while creating innovation and growth, at the same time generates "gales of creative destruction". It is still largely unclear what this concept implies for the task of assessing welfare (and, correspondingly, the need for and scope of policy-making) in a novelty-generating,...
Persistent link: https://www.econbiz.de/10003905933
Cover Image
Role models that make you unhappy : light paternalism, social learning and welfare
Cordes, Christian; Schubert, Christian - 2010
Behavioral (e.g. consumption) patterns of boundedly rational agents can lead these agents into learning dynamics that appear to be "wasteful" in terms of well-being or welfare. Within settings displaying preference endogeneity, it is however still unclear how to conceptualize well-being. This...
Persistent link: https://www.econbiz.de/10008809600
Cover Image
Competitive preferences and status as an incentive : experimental evidence
Charness, Gary; Masclet, David; Villeval, Marie-Claire - 2010
In this paper, we investigate individuals' investment in status in an environment where no monetary return can possibly be derived from reaching a better relative position. We use a real-effort experiment in which we permit individuals to learn and potentially improve their status (rank). We...
Persistent link: https://www.econbiz.de/10003985726
Cover Image
Extending the informational basis of welfare economics : the case of preference dynamics
Witt, Ulrich; Schubert, Christian - 2010
Normative reasoning in welfare economics and social contract theory usually presumes invariable, context-independent individual preferences. Following recent work particularly in behavioral economics this assumption is difficult to defend. This paper therefore explores what can be said about...
Persistent link: https://www.econbiz.de/10008658349
Cover Image
A complete and strongly anonymous leximin relation on infinite streams
Asheim, Geir B.; Zuber, Stéphane - 2011
Various extensions of the leximin order to the infinite dimensional setting have been suggested. They relax … and strongly anonymous leximin relation on infinite streams. The order is axiomatized, and it is shown to be the limit of … extended rank-discounted utilitarianism for any utility function, as the discount factor approaches zero. -- intergenerational …
Persistent link: https://www.econbiz.de/10009301142
Cover Image
Redistributive preferences, redistribution, and inequality : evidence from a panel of OECD countries
Kuhn, Andreas - 2012
This paper describes individuals' inequality perceptions, distributional norms, and redistributive preferences in a panel of OECD countries, primarily focusing on the association between these subjective measures and the effective level of inequality and redistribution. Not surprisingly, the...
Persistent link: https://www.econbiz.de/10009569608